Project Management Question Bank
for Exam preparation

Q2. Martin is the project manager of a project that is in an early phase. He needs to estimate costs but finds that he has a limited amount of detailed information about the project. Which of the following estimation techniques is least suited to his requirements?

1. Top-down Estimating
2. Bottom-up Estimating
3. Analogous Estimating
4. Budgetary Estimating

Q3. Which of the following can NOT be used to measure business value?

1. Customer satisfaction
2. Revenue growth
3. Market share
4. Expected monetary value

Q4. A ______ is a collection of projects or programs grouped together for strategic business needs.

1. Portfolio
2. Management System
3. Enterprise
4. Array

Q5. An employee approaches you and asks to tell you something in confidence. He advises you that he has been performing illegal activities within the company for the last year. He is feeling guilty about it and is telling you in order to receive advice as to what he should do. What should you do?

1. Ask for full details.
2. Confirm that the activity is really illegal.
3. Inform your manager of the illegal activity.
4. Tell the employee to inform his boss.

Q6. Cause-and-Effect diagrams are used to illustrate how various factors might link to potential problems or effects. They are also called:

1. Taguchi diagrams
2. Pareto diagrams
3. Ishikawa diagrams
4. Process diagrams

Q7. You recently took over a project as the project manager. This is your first project management assignment. The project sponsor is very supportive and is helping you out in successfully managing the project. Recently, some bad quality deliverables were received on the project, and the project sponsor suggested that you to periodically review the vendor’s progress to deliver project scope and quality, within cost and on schedule, as compared to the contract. Which of the following statements is true in this context?

1. The sponsor has asked you to carry out regular trend analysis.
2. The sponsor has asked you something that is not a good project management practice.
3. The sponsor has asked you to carry out regular procurement performance reviews.
4. The sponsor is giving you a bigger workload so that you can perform better on the next assignment.

Q8. The cost performance index (CPI) of a project is 0.6 and the schedule performance index (SPI is 0.71. The project has 625 work packages and is being completed over a four-year period. The team members are very inexperienced and the project received little support for project planning. Which of the following would be the BEST thing to do?

1. Update risk identification and analysis.
2. Spend more time improving the cost estimates.
3. Remove as many work packages as possible.
4. Reorganize the responsibility assignment matrix.

Q9. The project for the accounting department has been going well when the company says that it must reduce the cost of the project without changing the quality requirements. The project manager has looked to trim any resources, paid more attention to risk on upcoming activities, and even has reduced product scope, but the project remains over the new budget limit. Which of the following should the project manager do NEXT?

1. Get an extension of time
2. Review expensive customer requirements that add the least benefit
3. Suggest the project be terminated
4. Cut 10 percent off the cost estimate of each remaining activity.

Q10. A project manager is taking over a project from another project manager during the planning process group. If the new project manager wants to see what the previous project manager planned for managing changes to the schedule, it would be BEST to look at the:

1. Communications management plan
2. Update management plan
3. Staffing management plan
4. Schedule management plan 71